US industrial production fell for the fifth consecutive month

October 07 08:05:51, 2022

According to data released by the Federal Reserve on the 15th, US industrial production, including factories, mining and public utilities, fell by 1.5% in March, which was greater than the 1% expected by economists for the fifth consecutive month. decline.
Data show that in March, US factory production fell by 1.7%, mining production including oil and gas drilling decreased by 3.2%, but public utility production increased by 1.8%. In addition, the operating rate of industrial equipment for the month was 69.3%, the lowest level since 1967.
In the first quarter of this year, industrial production fell by 20% year-on-year, the worst performance since entering this recession. Economists expect that the impact of the upcoming US economy will fall by 4% to 5% in the first quarter. The US economy has fallen by 6.3% in the fourth quarter of last year.

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